A nonprofit foundation – under the provisions of this law – is any entity established for a fixed or indefinite duration by one or more natural or legal persons, or both, that is fundamentally non-profit, and is created to achieve one or more public benefit or specific purposes. It relies on funds allocated by its founder(s) in the form of capital, endowments, grants, or bequests. Family and private funds of all types are considered nonprofit foundations, and the regulations define what falls under such funds.

The application is submitted through the National Center for Non-Profit Sector’s electronic service.

• Strengthening family ties. 
• Promoting solidarity and harmony among family members. 
• Resolving disputes. 
• Cooperating in acts of goodness and piety. 
• Contributing to organizing charitable activities within the family. 

It consists of the founding members and members whose membership in the association has lasted for at least six months, provided they have paid the membership fees, if applicable.

This process has been automated by creating an electronic template that includes all the variable provisions of the bylaws while adhering to the fixed provisions in the model bylaws approved by the National Center for Non-Profit Sector. The electronic template with its inputs serves as a preliminary bylaws document. After establishment, the bylaws will be printed and approved by the National Center for Non-Profit Sector, including all the information provided by the applicant.

Yes.

As per the powers stated in the Law of Nonprofit Associations and Foundations and its implementing regulations.